A commercial equity line of credit (CELOC) is a financial tool that allows businesses to borrow money against the equity in their commercial property. This type of credit works similarly to a home equity line of credit (HELOC) but is specifically designed for commercial properties.
With a CELOC, businesses can access funds up to a predetermined credit limit as needed.
Subordinated debt (debenture), also called sub debt, is a type of debt used in business financing that is a lower priority in the capital structure than senior debt. Subordinated debt holders are considered subordinate to senior lenders, which means they have a higher risk but potentially higher returns.
In contrast, senior or unsubordinated debt takes precedence over subordinated debt in repayment.
Bad credit business loans for veterans are specialized loan programs to support veteran-owned small businesses with imperfect credit histories. These loans offer flexible terms and personalized options to cater to veterans’ unique requirements.
Leasing gym equipment is an extended form of renting it. Instead of purchasing machines like treadmills, weight benches, ellipticals, etc., you pay a monthly fee to offer them in your gym, but the leasing company retains ownership.
Several types of gym equipment leases and financing options are available, varying in cost, term length, and end-of-lease options. Depending on the lease
A no-money-down business loan is a commercial financing product that doesn’t require a down payment. These loans help businesses that need funding but lack the capital to make an initial investment.
Getting a business loan without a down payment helps companies better manage cash flow and use the funds to support or grow the business. However, business owners should be aware
The SBA is issuing disaster loans for small businesses in the Mid-Atlantic region affected by the bridge collapse. SBA Administrator Isabel Casillas Guzman announced the program on April 3, 2024.
The announcement came after Maryland Governor Wes Moore wrote a letter requesting a disaster declaration on March 29, 2024. The declaration applies to small businesses, small agricultural cooperatives, small aquaculture
A business debt consolidation loan is a specialized loan that helps businesses merge their existing debts into a single, easier-to-manage loan. This type of loan simplifies the repayment process for businesses by combining multiple loans, credit card debts, and other debts into one.
Businesses can access varying loan amounts and repayment terms to consolidate debt. Borrowers must assess their specific business
Long-term business loans are tailored for companies requiring substantial funding over an extended period, with repayment periods exceeding five years. These loans offer lower interest rates than short-term options, aiding in effective cash flow management.
Businesses utilize long-term loans for significant investments like equipment purchases, expansion, or real estate acquisition. By spreading out costs over several years, companies can alleviate immediate
When it comes to hard money loans with 100% financing, the lender is willing to provide the borrower with the total amount needed to purchase and rehabilitate a real estate property. This type of financing can benefit investors who may not have the capital to cover these costs themselves.
By offering 100% financing, the lender takes on more risk, but
The difficulty level of obtaining a business loan varies by industry, type of business loan, and lender. In addition, factors like your credit score, time in business, annual revenue, assets, and cash flow all influence whether or not getting a business loan is challenging.
